Stern in the News: March 2011

— March 31, 2011

In March, NYU Stern generated more than 600 media hits. Stern faculty were featured for their research and perspectives on a variety of subjects including creativity, piracy in the music industry, workplace blogging,investment myths and jobs in the tradable sector in a number of prominent outlets such as Bloomberg, Financial Times and The New York Times. Additionally, in 54 op-eds, Stern faculty discussed the detection of deception, company data disclosure, the economic effects of Japan’s natural disasters and the expansion of social media company operations in New York City.

Professors Anne-Laure Sellier and Tom Meyvis’s co-authored research on the mental costs of switching problem-solving strategies was featured in the Ulterior Motives blog. Professor Meyvis’s research showing that taking breaks can enhance the enjoyment of a pleasant activity was featured in SELF magazine.

Visiting Scholar Rosa Abrantes-Metz’s co-authored research on possible manipulation of the London interbank offered rate (Libor) was cited, with additional coverage in Financial Times and Finance and Economy.

Professor Aldo Scrofani was highlighted on the Arts Beat blog as a co-producer of the upcoming Broadway show “Fat Pig,” with additional coverage in The Hollywood Reporter, Variety and three other outlets.

Professor DanielAltman’s new book, Outrageous Fortunes, was featured. He discussed another one of his books, The Future of the Global Economy, at Books & Company’s second annual discussion series, “Books and Distinguished Company,” on April 14.

Professor Evan Polman’s forthcoming co-authored study, finding that people are more creative when thinking on behalf of another person, was featured, with additional coverage on BNet.com and a Fast Company blog.

Forbes.com: “Personal Blogging at Work Increases Productivity” March 1, 2011

Professor Anindya Ghose’s co-authored study on the benefits of workplace blogging was featured in the Getting Ahead blog, with additional coverage in a New York Times blog and seven other outlets.

Professor Nouriel Roubini co-presented the keynote address at the Wharton Lauder Institute’s conference on global economic risk on April 7, with additional pick-up in the Sacramento Bee. Hurriyet Daily News reported his participation in the Turkish Retailers’ Federation’s Regional Retail Chains Meeting on April 27-28. He gave the keynote speech at a MIPIM Press event on March 9, according to the Sacramento Bee. His appearance at the Banque de France’s conference in Paris on March 4 was highlighted in a Wall Street Journal blog. His attendance at the Russia Forum on February 2-4 was highlighted on KZ Press-Club.

NYU Trustee, member of the NYU Stern Board of Overseers and Executive-in-Residence Chandrika Tandon was highlighted for her 2011 Grammy nomination, with additional coverage in Screen India and two other outlets. She performed at I Meditate NY’s April 10 launch event at the Lincoln Center, according to Nutrition and Diet News.

Vice Chairman of NYU's Board of Trustees and Vice Chairman of the NYU Stern Board of Overseers Kenneth Langone (MBA '60) shared his thoughts on the US economy, with two additional interviews on CNBC. His comments on when the interest rates will rise were cited in International Business Times and NASDAQ.

Undergraduate students Justin Song, Helen Zuo, Paul Katsnelson and Dennis Katsnelson, members of “Team Awesome,” were featured for winning the Trust by Danone: The Student Business Challenge National Finals.

NYU Stern’s undergraduate International Studies Program and new degree program, Business and Political Economy, were highlighted in a trend story on top undergraduate business schools’ push for a globally oriented education.

In a speech given at NYU Stern on February 28, President and CEO of the Federal Reserve Bank of New York William C. Dudley addressed the issue of excess reserves and shared his outlook on the US economy, with additional coverage in two American Bankerpieces, CNBC and three other outlets.

ABC News: “Anti-Abortion Group Features President Obama on Chicago Billboards” March 30, 2011

Professor Russell Winer commented on the controversial anti-abortion billboard campaign by the advocacy group Life Always.

Bloomberg: “Next US Terror Attack Might Come From New Toys” March 28, 2011

In an op-ed, Professor Amity Shlaes argued that the rapid development of new technologies is increasing the tools available to terrorists, with additional pick-up on Bloomberg Businessweek, Arabian Business and three other outlets. In fourotherBloombergop-eds, she discussed parental misconceptions about prestigious universities, how the US can help Japan while benefitting itself, former Fed Chairman Alan Greenspan’s new paper on investing and the upcoming film Atlas Shrugged: Part I, with additional pick-up in two Bloomberg Businessweekpieces, two Orange County Registerpieces, two San Francisco Chronicle pieces and 10 other outlets. In a New York Post op-ed, she argued that the new for-profit K-12 institution planned for Manhattan’s Upper West Side will ultimately benefit the entire education system. She contended that structural problems at NPR lead to corruption in a Forbes op-ed. In an op-ed for National Review, she looked back at Warren Harding’s tenure as US president. Her skepticism of government infrastructure spending was cited on a Washington Examiner blog. Her op-ed arguing for a reduction in government intervention was cited on WallStreetPit.com.

In an op-ed, Professor Roy Smith discussed the push for regulation of the shadow banking sector. In another eFinancial News op-ed, he addressed the implications of the Dodd-Frank Act’s Volcker Rule on proprietary trading. A New York Times blog interviewed him on the proposed merger between New York Stock Exchange-Euronext and Deutsche Boerse. His thoughts on Goldman Sachs’s M&A practices and the company's drop in the US deal advisory rankings were cited on CNBC, Reuters and three other outlets.

Professor Lawrence White shared his thoughts on the diminishing role of credit rating agencies. He discussed the Troubled Asset Relief Program (TARP), financial regulation and the US economy and housing market on Bloomberg TV. He explained the benefits of having additional credit rating agencies on Treasury & Risk. National Journal featured his comments on the flaws inherent in the Dodd-Frank Act. He noted in American Banker that the Obama administration’s proposed replacements for housing mortgage giants Fannie Mae and Freddie Mac are not substantially different from their predecessors.

Professor Jeff Bronikowski commented on the role of AOL Music in the current media environment, with additional pick-up on CNBC and three other outlets.

Financial Times: “Bears in the Minority as Pressure is Piled On” March 21, 2011

Professor Richard Sylla compared US stock recommendations to grade inflation in school. He gave instances of financially uncertain periods when the markets actually fared well for an Oregonian blog. He explained the reasons behind the sudden rush of gold investment on CBS News. He was cited on China’s position on US debt on Fox Business. His comments on why financial firms are moving their offices away from Wall Street were picked up by Bloomberg, New York Observer and three other outlets. He discussed the Museum of American Finance’s upcoming exhibit, “Alexander Hamilton: Lineage and Legacy,” which he guest curated, in Food Weekly News.

In an op-ed, Nobel Laureate Professor Michael Spence and Research Assistant Sandile Hlatshwayo discussed the structure of employment in the global economy andsuggested possible policy responses, with additional pick-up on The Daily News Egypt, Malaysia Star and four other outlets.

Entrepreneur: “Using Social Media to Find the Right Customers” March 14, 2011

Professor Jeffrey Carr shared tips on how to effectively use social media to reach customers, with additional coverage on another Entrepreneur blog.

In an op-ed, Professor Nouriel Roubini explored the economic implications of political revolt in the Middle East, with additional pick-up in Aljazeera, Hong Kong Economic Journal, Slate.com and four other outlets. In an op-ed for Australian Financial Review, he argued for the need for a Middle East assistance plan. He listed the positive and negative indicators for a global economic recovery in an El Economista op-ed. His comments on the effects of Japan’s natural disasters on its economy and monetary policy were featured in two Bloombergpieces, fiveCNBCpieces, The Guardian,New York Magazine and 10 other outlets. His thoughts on rising oil prices and the resulting threat of a recession were cited in sixBloombergBusinessweekpieces, threeCNBC pieces, Fortune and 13 other outlets. He commented on the economic problems facing the Eurozone, a possible double-dip recession in the UK and the European Central Bank’s plan to increase interest rates in sixBloombergpieces, Foreign Policy, The Wall Street Journal and eight other outlets. His positive outlook for the US dollar and other advanced economies was featured in a Forbes.com blog, The National, two Wall Street Journalpieces and two other outlets. His thoughts on the municipal bond market were cited on CNN Money, The New York Times, The Huffington Post and six other outlets. He explained the origins of the G-Zero world concept to CNBC. In an exclusive interview with Financial Times, he discussed the risks to the global economy, the Middle East and the prospects of US real estate. His views on a variety of other subjects were featured in 30 additional national and international outlets.

Member of the NYU Stern Executive Board and Professor Richard Bernstein (MBA '87) was highlighted for his confidence in the Federal Reserve. He observed on CNBC that many investors remain hesitant despite a positive trend in the economy.

Professor Samuel Craig discussed the public relations fixes available to celebrity artists who perform at private events for disreputable clients, with additional coverage on PopMatters.com and Postmedia News. His thoughts on Netflix’s acquisition of an original television series were featured on ABC News and Red Orbit.

Professor David Poltrack explained the changing logic behind demographic age group targeting by TV network marketers, with additional coverage on Ad Age, The Hollywood Reporter and seven other outlets. His thoughts on “The Sony 3D Experience” were featured on TV Technology.

Professor Joseph Foudy shared his thoughts on President Obama’s possible plan to tap into the Strategic Petroleum Reserve. Reuters TV interviewed him on US fiscal policy as well as the current price for oil and its effects on developed and emerging markets.

Professor Edward Altman’s comments on US debt were cited, with additional pick-up in Bloomberg Businessweek. His thoughts on the shape of the US economic recovery were referenced on TheDeal.com. His comments on Italy’s economic problems were picked up by Reuters.

Citywire: “Riskwatch: Finding the Most Dangerous Companies in the US” March 3, 2011

The NYU Stern Systemic Risk Ranking, developed by Professors Viral Acharya, Thomas Cooley, Robert Engle and Matthew Richardson, is featured.

Professor Thomas Cooley said that financial firms lack the incentive to disclose company data, with additional pick-up on Bloomberg. His co-authored op-ed on the competition-stifling nature of unions was referenced on Big Government.

In an op-ed, Professor Viral Acharya gave suggestions on how to regulate the shadow banking sector. In an op-ed for GFS News, he gave his thoughts on how to regulate the US mortgage market. He was cited on regulations for the derivatives market in Financial Times. National Journal cited his contention that housing risk in the US has not yet been fixed. His analysis of the financial transactions that caused Lehman Brothers to fail was cited on Bloomberg and Bloomberg Businessweek.

European Business Review: “Luxury in Zeros and Ones: Key Findings and Learnings from the 2010 L2 Digital IQ Index®: Luxury” March 2011

In a co-authored op-ed, Professor Scott Galloway recapped the key takeaways from the 2010 Digital IQ Index for Luxury. His presentation, “Trends and Impacts on Digital Competence,” was referenced in The Tibet Post. He underscored the role of Donald Trump’s celebrity status in his run for president on ABC News.